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MICRONICS COMPUTERS ANNOUNCES STOCK REPURCHASE PLAN

 FREMONT, Calif., Nov. 24 ~PRNewswire~ -- Micronics Computers Inc. (NASDAQ: MCRN) today announced its board of directors has authorized the repurchase of up to two million shares of the company's common stock.
 Under the terms of the repurchase program, the company may purchase shares of its common stock in the open market or in privately negotiated transactions. Purchases will be made from time to time, at the discretion of the Micronics Board, depending on share price and other relevant factors. The company currently has approximately 10.8 million common shares outstanding.
 Steve Kitrosser, president and chief executive officer, commented, "We believe in the future of Micronics. With our strong financial position and solid operating fundamentals, we feel that at recent price levels, our stock is undervalued. As a result, we believe that the repurchase of our common stock is an attractive investment opportunity at this time."
 Micronics Computers Inc. is a leading supplier of high-performance system boards incorporated in high-end IBM-compatible personal computers. The company, with fiscal 1992 revenues of $155 million, sells primarily to OEMs and other direct marketers of computer products.
 For more information, contact Robert Campbell at 510-651-2300.
 -0- 11~24~92
 ~CONTACT: Robert Campbell of Micronics Computers, 510-651-2300~
 (MCRN)


CO: Micronics Computers Inc. ST: California IN: CPR SU:

GT-SG -- SJ003 -- 0900 11~24~92 09:01 EST
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Publication:PR Newswire
Date:Nov 24, 1992
Words:220
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